Budget 2021: Farmers allotted Rs 75,100 crore

As the Indian financial system recovers from the blow from the COVID pandemic, Union Finance Minister Nirmala Sitharaman offered the annual funds for FY 21-22 within the Parliament on Monday.
The FY22 Budget was based mostly on 6 pillars, stated Finance Minister Nirmala Sitharaman itemizing the next as foremost pillars of Budget 2021 – well being and wellbeing, bodily and monetary capital and infrastructure, inclusive progress, human capital, analysis & improvement and lastly minimal authorities and most governance.
Announcing a number of measures for the agricultural sector, the Finance Minister assured that the Modi authorities is dedicated to farmers’ welfare.
FM Nirmala Sitharaman introduced in her Union Budget for 2021-22 stated that agriculture credit score has been enhanced to Rs 16.5 lakh crores.
Procurement has additionally continued to extend at a gradual tempo. This has resulted in improve in fee to farmers considerably. In case of wheat, whole fee paid to farmers in 2013-14 was Rs Rs 33,874 cr. In 2019-20 it was Rs 62,802 cr. In 2020-21, it was Rs 75,060 crores: FM— ANI (@ANI) February 1, 2021
“MSP has gone through a sea change. Over Rs. 75,000 crore paid to wheat farmers in 2020-21, 43.36 lakh benefited from this,” FM Sitharaman added declaring how Modi authorities has elevated allocation for public procurement over the previous few years. The Finance Minister additionally stated that the quantity paid to paddy farmers Rs 1.72 lakh crore in 2020-21.
The Modi authorities has additionally elevated Rural infrastructure fund to Rs 40,000 cr. Micro-irrigation corpus doubled to Rs 10,000 crores, and Agriculture infra funds will probably be made accessible to APMCs.
Sitharaman spoke about thrust offered to the farm sector by numerous measures on credit score, market reforms and meals processing below the Aatmanirbhar Bharat bulletins. An improve in space below irrigation, adoption of utilization of hybrid and improved seeds, selection alternative ratio and augmentation in seed testing services may even assist handle low productiveness issues within the agriculture sector, the FM famous. Adequate storage and remunerative markets for agricultural produce would be the foremost focus of post-production administration.
These bulletins made by the Finance Minister comes at a time when the farmers from Punjab are protesting in opposition to the three farm legal guidelines handed by the Modi authorities. Recently, the tractor rally carried out by the protestors turned violent when the rioting mob broke police barricades and attacked cops with swords and tractors. The holy Sikh flag was additionally unfurled at Red Fort after desecrating the nationwide monument.